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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CINF
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Cincinnati Financial Corporation stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)

Hold candidate since May 03, 2024 PDF

The Cincinnati Financial Corporation stock price gained 0.671% on the last trading day (Friday, 3rd May 2024), rising from $116.16 to $116.94. During the last trading day the stock fluctuated 1.91% from a day low at $115.03 to a day high of $117.23. The price has been going up and down for this period, and there has been a -2.51% loss for the last 2 weeks. Volume fell on the last day by -327 thousand shares and in total, 528 thousand shares were bought and sold for approximately $61.78 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.66% during the next 3 months and, with a 90% probability hold a price between $120.16 and $137.63 at the end of this 3-month period.

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CINF Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 5.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cincinnati Financial Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $118.97. On a fall, the stock will find some support from the short-term average at $115.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. The stock had a Golden Star Signal on Wednesday, December 27, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, December 27, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Cincinnati Financial Corporation stock

Cincinnati Financial Corporation finds support from accumulated volume at $113.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.19 (1.91%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.

Our recommended stop-loss: $112.43 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (CINF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Cincinnati Financial Corporation to open at $116.40, and during the day (based on 14 day Average True Range), to move between $114.33 and $119.55, which gives a possible trading interval of +/-$2.61 (+/-2.23%) up or down from last closing price. If Cincinnati Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $117.79 (0.73%) than the support at $113.55 (2.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cincinnati Financial Corporation stock A Buy?

Cincinnati Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.914 Hold/Accumulate Upgraded

Predicted Opening Price for Cincinnati Financial Corporation of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$116.40 ( 0.463%) $116.94

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CINF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 118.59 1.41 %
R2 117.75 0.697 %
R1 117.24 0.254 %
Current price: 116.94
Support S1 115.56 -1.18 %
S2 115.04 -1.62 %
S3 114.20 -2.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 120.28 2.86 %
R2 119.90 2.53 %
R1 117.79 0.727 %
Current price 116.94
Support S1 113.55 -2.90%
S2 110.88 -5.18%
S3 107.03 -8.47%

CINF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 26, 2024 Mar 18, 2024 Apr 15, 2024 $0.81 0.693%
2 Nov 17, 2023 Dec 18, 2023 Jan 16, 2024 $0.750 0.699%
3 Aug 25, 2023 Sep 15, 2023 Oct 16, 2023 $0.750 0.727%
4 May 06, 2023 Jun 15, 2023 Jul 14, 2023 $0.750 0.766%
5 Jan 27, 2023 Mar 16, 2023 Apr 14, 2023 $0.750 0.703%

FAQ

What is the symbol for Cincinnati Financial Corporation Stock and on which exchange is it traded?
The symbol for Cincinnati Financial Corporation is CINF and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cincinnati Financial Corporation Stock?
Cincinnati Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Cincinnati Financial Corporation Stock?
Cincinnati Financial Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cincinnati Financial Corporation Stock.

What's the current price of Cincinnati Financial Corporation Stock?
As of the end of day on the May 03, 2024, the price of an Cincinnati Financial Corporation (CINF) share was $116.94.

What is the 52-week high and low for Cincinnati Financial Corporation Stock?
The 52-week high for Cincinnati Financial Corporation Stock is $124.35 and the 52-week low is $95.04.

What is the market capitalization of Cincinnati Financial Corporation Stock?
As of the May 03, 2024, the market capitalization of Cincinnati Financial Corporation is 18.308B.

When is the next earnings date for Cincinnati Financial Corporation?
The upcoming earnings date for Cincinnati Financial Corporation is Jul 25, 2024.
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About Cincinnati Financial Corporation

Cincinnati Financial Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. It a... CINF Profile

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